Administration is capped at 8 percent and total overhead at 20 percent
What the document says“The Secretary shall establish in regulation the maximum grant amounts a grantee may use for administrative costs, technical assistance, and planning activities, taking into consideration size of grant, complexity of recovery, and other factors as determined by the Secretary, but not to exceed 8 percent for administration and 20 percent in total.”
The new section 124 requires the Secretary to set by regulation the maximum a grantee may use for administrative costs, technical assistance, and planning, weighing grant size, complexity of recovery, and other factors, with a ceiling of 8 percent for administration and 20 percent in total. Money for administrative costs may serve any grant under the section regardless of disaster, and a grantee may file an optional supplemental plan for administrative costs and draw those funds before the full plan is approved.
What the document actually says“The Secretary shall establish in regulation the maximum grant amounts a grantee may use for administrative costs, technical assistance, and planning activities, taking into consideration size of grant, complexity of recovery, and other factors as determined by the Secretary, but not to exceed 8 percent for administration and 20 percent in total.”
The housing agency must set caps by rule. It weighs how big the grant is and how hard the recovery will be. Running costs may not top 8 percent. All overhead together may not top 20 percent.
Administration is the cost of managing the money. Technical assistance and planning add to it. A place may file a short plan first so this money can start flowing.
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